1. Deposit Services User Guide
  2. TD Transactions
  3. Rollover
  4. Simulation Details

3.3.1 Simulation Details

You can add the simulation details for doing the rollover. The existing TD details are also displayed.

To add the simulation details:

Note:

The fields marked as Required are mandatory.
  1. On the Homepage, from the Retail Deposit Services mega menu, under Term Deposits, under Transactions, click Rollover or specify Rollover in the search icon bar and select the screen.

    The Term Deposit Rollover screen is displayed.

    Figure 3-30 Term Deposit Rollover

    Description of Figure 3-30 follows
    Description of "Figure 3-30 Term Deposit Rollover"
  2. Click the Search icon or specify the account number in the Account Number field, and press Enter or Tab.
    The details are displayed in the screen.

    Figure 3-31 Term Deposit Rollover - Deatils

    Description of Figure 3-31 follows
    Description of "Figure 3-31 Term Deposit Rollover - Deatils"
  3. On the Rollover screen, maintain the required details. For more information on fields, refer to the field description table.

    Table 3-23 Term Deposit Rollover – Field Description

    Field Description

    Account Number
    Click the Search icon and select the account number or specify the account number to perform TD rollover.

    Note:

    The account holder name is displayed adjacent to this field.

    Status
    Displays the status of the TD. The possible options are:
    • Active
    • Overdue
    • Closed

    Deposit Details

    Displays the principal balance of the TD, the rate of interest, and the tenor of the TD.

    Maturity

    Displays the proceeds due to the customer on maturity and the maturity date.

    Reinvested Interest or Paid out interest

    Displays the amount and currency for the reinvested or paid out interest.

    Note:

    • If the interest if of reinvest type, then the field name is displayed as Reinvested Interest.
    • If the interest if of paid out type, then the field name is displayed as Paid out Interest.

    Tax Deducted

    Displays the actual tax deducted on reinvested or paid out interest till date.

    Maturity
    Select the option for providing the maturity rollover TD. The options are:
    • Tenure: If you select this option, specify the tenure in Years, Months, and Days field.
    • Date: If you select this option, specify or select the date from the field displayed adjacent.

    Rollover Date

    Display the rollover deposit opening date. This date will be the maturity date of the existing TD.

    Continue Variance

    Switch to Toggle On to continue the interest variance to the rolled-over TD.

    Switch to Toggle Off to stop the continuation of interest variance to the rolled-over TD.

    Interest Rate Basis
    Select basis for the interest rate. The options are:
    • Incremental Amount
    • Cumulative Amount

    Add Funds

    Switch to Toggle On to add additional funds to the rollover.

    Switch to Toggle Off to not to add additional funds to the rollover.

    Note:

    If you switch to Toggle On, then specify the amount in the field adjacent.

    Settlement Details needs to be captured.
    Displays the Capture Settlement Details link for capturing the settlement details for the rollover. For more information on settlement, refer Settlement Details.

    Note:

    This field is displayed, if you switch to Toggle On from the Add Funds field.
    • View Simulated Output: As you specify the amount in the Top-up Amount field, the simulated output details are displayed.

      Note:

      Based on the input data provided, the system simulates the details of TD and displays them in a widget on the right side.

    Figure 3-32 Simulation Details

    Description of Figure 3-32 follows
    Description of "Figure 3-32 Simulation Details"

    For more information on fields, refer to the field description table.

    Table 3-24 Output Details - Field Description

    Field Description

    Maturity Amount

    Displays the maturity amount for the rollover TD.

    Principal

    Displays the total principal of the rolled over.

    Net Interest

    Displays the net interest on the principal. (Interest - Tax)

    Interest Rate

    Displays the interest rate applicable for the rolled-over deposit.

    Maturity Date

    Displays the maturity date of the rolled-over TD.

    Tenor

    Displays the tenor of the rolled-over deposit in Years, Months, and Days.

    Part Redemption

    Displays whether the part redemption is allowed for the deposit.

    Premature Redemption

    Displays whether the premature is allowed for the deposit.

    Top-up

    Displays whether the top-up is allowed for the deposit.

    View Interest Details

    Click the link if the interest details need to be viewed.

    Date

    Displays the date of interest payout/compounding date.

    Reinvested Interest or Paid out interest

    Displays the reinvested interest/paid-out interest.

    Principal

    Displays the principal after the interest liquidation on this date.
    • View Interest Details: You can view the interest details by clicking the View Interest Details link.

      The Interest Details section is displayed.

    Figure 3-33 View Interest Details

    Description of Figure 3-33 follows
    Description of "Figure 3-33 View Interest Details"

    Table 3-25 Interest Details – Field Description

    Field Description

    Date

    Displays the date as of which the interest amount is applicable.

    Reinvested Interestor Paid out Interest

    Displays the interest amount computed as of the date.

    Principal

    Displays the principal balance taking into consideration the effect of the interest for that date (if it is a re-invest kind of TD).
    • Click the Back link to view the simulation details.
  4. Click Submit.
    The screen is successfully submitted for authorization.

Parent topic: Rollover